Creating Powers of Attorney for an Adult Child
When your child turns 18 (in most states), it might be difficult to realize that little child who once needed you for everything has now become an adult. Now your child is free to vote, marry, apply for a credit card, make medical and financial decisions, sign contracts, and live independently. No wonder the law…
Read MoreGains in Alzheimer’s and ALS Research
Good news on the health front is so welcome these days. Now there is some, for the huge numbers of people suffering from Alzheimer’s dementia and ALS (Amyotrophic Lateral Sclerosis, commonly known as Lou Gehrig’s disease). Researchers have found links between those two dread illnesses, and the new understanding is showing promising results in the…
Read MoreAvoiding Pitfalls of Beneficiary Designations
You might think that leaving your property to your heirs would be simple. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate beneficiaries for your life insurance and retirement accounts, and you’re done. If only things were that…
Read MoreHow Telemedicine is Changing
Telemedicine is the digital source of healthcare-related services. Not long-ago telemedicine was an innovative practice, primarily a supplement to hospitals’ information strategy managing patient care and their data more efficiently. During the coronavirus pandemic and its associated urgent healthcare needs, hospitals and medical offices are making telehealth capabilities more available than ever before. Long-distance patient…
Read MoreGray Divorce Impacts Finances
Americans aged 50 and over are experiencing gray divorce in larger numbers than ever before. The term gray divorce generally refers to the baby boomer generation and affects all classes and education levels. Research shows that splitting during middle age is particularly damaging to your financial well being. According to Bloomberg News, the US divorce…
Read MoreLiving Alone as You Age Increases Dementia Risk
Living arrangements for older Americans are decidedly leaning towards aging in place. Nearly all older adults prefer to age in the comfort of their long time homes and familiar community surroundings. Aging in place often means living alone. Pew Research findings show that older people are more likely to live alone in the United States…
Read MoreAging Americans Face a Long Term Care Crisis
Aging Americans are facing an escalating crisis regarding long-term care (LTC). Industry driven, massively underpriced policies are playing fiscal catch up with hefty premium rate increases. This price increase is forcing some aging Americans to abandon their policy while others struggle to reduce their amount of LTC coverage to keep their rates affordable or reduce…
Read MoreThe Challenge to Develop a COVID-19 Vaccine Effective for the Elderly
Older Americans are the demographic at the greatest risk of COVID-19 as well as the demographic which is least likely to respond well to a vaccine. A vaccine shot works by fooling the body into believing it has been infected with a virus, thereby prompting its immune system to fight the intruding pathogen by making…
Read MoreEven Wealthy Retirees are Cautious to Spend
When the US economy was in a cycle of more than ten years of economic growth, its citizens, even the “wealthy” ones, were worried about running out of cash and scared to spend. Bloomberg.com is reporting many retirees, and near-retirees are sitting on their wealth in much the same way large corporations are hoarding stockpiles…
Read MorePlanning for Your Parent to Stay at Home
Tips for Selecting an In-Home Care Provider There may come a time when your parent is no longer safe living at home due to physical or emotional/social concerns. Instead of moving Mom or Dad to an assisted living or nursing home, in-home care can provide a solution that makes everyone happy— your parent can stay…
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